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29 September 2016 | 4 replies
Doesn't the cap rate depend on the price, as well as the price depend on the cap rate?
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29 September 2016 | 3 replies
It is very important to file an extension by the March 15 or April 15 deadline, depending on whether you are a business or individual, because not filing an extension will result in a 5% per month for failure to file penalty, but it is equally important not to file a full tax return if your exchange is not completed by the applicable filing dates referenced above.
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3 October 2016 | 2 replies
As for my experience, having a 800 credit score really helped me in being approved by a 2nd Mortgage.
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1 October 2016 | 10 replies
If they answer 'yes' or something similar you have a couple ways you can make that happen, depending on the underlying mortgages on the property (explained briefly below).
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29 September 2016 | 0 replies
Learning where I'm wrong will ensure I find success when I get started. 1.Purchasing Plan + Time Frame (10 year plan)a.Year Onei.Purchase Quadplex1.Owner-Occupiedii.Roughly 20191.Greatly depends on Savings Plan successb.Year Two - Fivei.Purchase Quadplex1.Refinance Year One Purchasea.Cash Out to buy Year Two Quadplexii.Rinse, Repeat Strategy of Refinancing1.By Year Five own 5 Quadplexes (20 units)c.Year Six - Teni.Purchase 2 Quadplexes per Year1.Refinance Strategy2.Earned Income from Workinga.Only if necessary to stay on paceii.Results in 15 Quadplexes1.60 unitsa.Rent Each at $750i.Gross - 45,000/monthii.Gross - 540,000/yearEven if I pare down to 1 property a year through Years 6-10 that would result in 40 units40x750x12 = 360,000/yr Gross Income.
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3 October 2016 | 2 replies
Plus you have HOAs, and depending on where in our area, they can be boogers.
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30 September 2016 | 2 replies
Their rates are 6-8% depending on LTV and credit rating.
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30 September 2016 | 15 replies
Today I got a call from a man who has been out of work for a year, his credit score is now in the 400's, and he is 3 months late on his mortgage.
11 October 2016 | 2 replies
Hello All,My partners and I are looking for reliable licensed contractors to work with us on flips in the near future. We'd like to get recommendations of reputable contractors in the MD and DC area. We all know how e...